The Canadian dollar and Mexican peso are getting whacked following a Reuters report suggesting Canada is convinced President Donald Trump will pull the US out of the North American Free Trade Agreement.
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The Canadian dollar and Mexican peso are getting whacked after report says Canada is convinced Trump will pull the US out of NAFTA
Both currencies are down about 0.9% versus the US dollar.
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The Canadian dollar trades down 0.91% at 1.2575 per dollar.
The Mexican peso is down 0.85% at 19.4034 per dollar.
Bank of America Merrill Lynch's Carlos Capistran and Ethan Harris say the decision to withdraw from NAFTA wouldn't solve Trump's issues with the deal, which include the US trade deficit with other countries and the loss of manufacturing jobs.
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